A2 Corporation takes full control of US marketing arm

A2 Corporation will fully take over its US-based marketing arm offering its joint venture partner a small stake in the parent company.

The company, which owns and licenses technology to identity milk with the A2 beta casein protein which it claims has health benefits, will acquire the remaining 50% stake in A2 Milk Company LLC in the United States.

Originally the company was a JV with health supplements entity Idea Sphere Inc (ISI). It was established to drive the introduction of products in North America.

In return, ISI will take a small stake in A2 Corporation with the issue of four million fully paid shares. ISI’s stake will be below 1%.

This comes after A2 Corporation recently acquired the remaining 50% of A2 Dairy Products in Australia.

This article is tagged with the following keywords. Find out more about My Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Buying up stake in the marketing arm of the company could mean that it has streamlined its operations, and made it easier for the different aspects of the company to work together. I wonder how the company is doing this year.

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.8012 0.0052 0.65%
AUD 0.9077 0.0006 0.07%
EUR 0.6252 0.0028 0.45%
GBP 0.4952 0.0024 0.49%
HKD 6.2173 0.0415 0.67%
JPY 85.2240 0.1390 0.16%

Commods

Commodity Price Change Time
Gold Index 1244.2 5.700 2014-10-20T00:
Oil Brent 85.4 -0.760 2014-10-20T00:
Oil Nymex 82.8 -0.040 2014-10-20T00:
Silver Index 17.3 0.020 2014-10-20T00:

Indices

Symbol Open High Last %
NZX 50 5197.9 5238.9 5197.9 0.68%
NASDAQ 4254.2 4316.9 4258.4 1.35%
DAX 8819.3 8834.7 8850.3 -1.50%
DJI 16373.1 16401.6 16380.4 0.12%
FTSE 6310.3 6320.3 6310.3 -0.68%
HKSE 23073.4 23231.5 23070.3 -0.25%
NI225 15115.3 15115.3 15111.2 -1.66%